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CBRE Completes $18,750,000 Million Sale Of Barclay Village Apartments In Oregon City, OR

CBRE announced today that they completed the $18,750,000 million sale of Barclay Village, a 146-Unit apartment community in Oregon City, to Virtu Investments. Phil Oester, Joe Nydahl and Josh McDonald of CBRE’s Northwest Multifamily Institutional Investment team completed the sale on behalf of Barclay Cascade Investors, LLC.

Built in 1987 in historic Oregon City, Barclay Village offers a mix of one and two bedroom units (10% and 90%, respectively) averaging approximately 989 square feet. The larger than average units make Barclay Village a very attractive living option. The property offers a wide array of amenities, including covered parking, in-unit fireplaces, balconies, dishwashers and hookups for a washer and dryer, as well as community fitness options including basketball and tennis courts, a pool/spa, fitness center.

Barclay Village is the closest large apartment to the rejuvenating downtown of Oregon City. The property was 97% occupied at the time of the sale. Approximately 50% of the units have received modest renovations upon turnover.